Strike Energy Limited (AU:STX) has released an update.
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Strike Energy Limited announced successful gas discoveries at the Erregulla Deep-1 well in the Perth Basin, making it the deepest onshore well drilled in Australia. The well revealed two high-quality gas zones with low impurities and better-than-expected reservoir qualities, pressures, and low CO2 levels. This discovery potentially extends the Permian gas play eastward, enhancing the prospectivity of Strike’s fully owned adjacent acreage.
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